05-22: CVS Pharmacy, Citizens Business Bank, The Learning Experience, Wendy's, Office Buildings

Daily Best Commercial Properties

CVS Pharmacy in Harrisonburg, VA: 10,125 SF CVS Pharmacy built in 1998 on over 1 ac lot at a hard corner location. With easy access to I-81. 20-yrs corp lease with 4-yrs left. NOI $177K/yr. $2.415M. 7.35% cap. NOTE: flyer not avail full brochure upon request. Citizens Business Bank in Porterville, CA: 3633 SF well maintained drive-thru Citizens Business Bank at a corner location in a growing middle class area North of Bakersfield. 100% NNN lease with 2-yrs left. NOI $81K/yr. $1.25M. 6.53% cap. Retail Center in Winter Park, FL: 15,180 SF well kept retail center on 2.30 ac lot along major artery in Orlando suburbs. 82% leased with good tenant mix including Papa John’s and ACE Cash Express. Pro forma NOI $192K/yr. $2.301M. 8.36% pro forma cap. The Learning Experience in Riverview, FL: 10,000 SF brand new day care facility outparcel to Publix anchored center in Tampa suburbs. Close to I-75. New 15-yrs NNN lease. NOI $240K/yr with 12% rent bumps every 5-yrs. $3.265M. 7.35% cap. Wendy’s in Appleton, WI: 2845 SF fast food restaurant on over 1 ac lot adjacent to Sam’s Club. Close to Fox River Mall. On an off/on ramp of I-41. New 20-yrs absolute NNN lease to a strong operator. NOI $109K/yr with 1.5% annual rent increases. $1.8M. 6.10% cap. Strip Center in Tulsa, OK: 8500 SF strip center built in 2000 on nearly 1 ac outparcel to Target, Sears and Reasor’s Food center. Across from Big Splash Water Park. Tenants include: Super Cuts, Jimmy John’s, Papa Murphy’s Pizza and B&B Digital. 80% NNN leased. Actual NOI $111K/yr. $1.5M. 7.40% actual cap. Upside potential. Strip Center in North Charleston, SC: 15,305 SF well maintained strip center on 1 ac corner lot along main retail corridor. Adjacent to Northwoods Mall.  94% leased. NOI $117K/yr. $1.65M. 7.12% cap. Office Building in North Plainfield, NJ: 13,500 SF attractive multitenant office building in high income New York suburbs with an AHI of $90K/yr in a 3 mile ring. Adjacent to new Costco. Leased to multiple tenants. NOI $118K/yr. $1.695M. 7% cap. Office Building in Brentwood, TN: 9257 SF office building constructed in 2007 in affluent (AHI $112K/yr in 3 miles) Nashville suburbs. Close to I-65. 100% leased to four tenants. NOI $133K/yr. $1.793M. 7.45% cap.

(c) Transmercial 2015

About The Properties Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states.  These properties are selected from 300-400 daily listings from many commercial real estate companies, and various other sources.   Each property has a brief description and a flyer.  Previous lists are posted on Transmercial's blog after 2 weeks delay. Please click here for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the "Due Diligence Summary" report until they are all resolved prior to closing. Below are the most commonly used acronyms: AHI: Avg. Household Income.  National average is about $55+K/yr. NOI: Net Operating Income.  It's the income after all expenses (prop taxes, ins., maintenance) paid. NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses. NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.